Thursday 22 January 2009, San José, Costa
Rica
Central America to
Prioritize Migration
Issues with US
Nicaragua Reacts to
Support Anti-Crisis Plan
Ortega for
Austerity Measures to Face Crisis
Fidel Castro "Looks
Good," Says Argentine
President
Brazil Cuts Basic
Interest Rate To 12.75%
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Nicaragua Reacts to
Support Anti-Crisis Plan
Managua - Broad
reaction caused the
emergency plan
Nicaraguan President
Daniel Ortega announced
to deal with the current
global economic crisis.
Among the measures El
Nuevo Diario points to
reducing the general
budget by 1.3 billion
cordobas although it
remains 16.5 per cent
larger than in 2008 and
focuses on boosting
production and search
for new markets.
Bolsa de Noticias calls
the measure "tightening
the belt", adding that
the government offices
will be the first to
feel the effects.
The sector will cut
spending in goods and
services by 20 per cent
and by 50 per cent
expenses on cars,
computers and trips
overseas.
Cesar Zamora, president
of Nicaragua's American
Chamber of Commerce,
termed positive the need
for international aid to
cope with the crisis.
The media highlights the
fact that it stresses on
boosting production and
searches for alternative
markets with ALBA, Iran,
Russia and the
Inter-American Economic
Integration System.
Radio La Primerisima
noted Ortega's call to
all powers of the state
to join the policy of
austerity.
The Finance Ministry
will issue a report with
details of the
presidential package of
measures. |
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